Malta Retirement Programme

Malta Retirement ProgrammeAs Malta Residence specialists we can assist you with relocating to Malta providing you with holistic and comprehensive residency advice. A popular residence scheme aimed at those of retirement age whom are looking to relocate to Malta is the Malta Retirement Programme. Malta is a popular retirement destination of choice for Northern Europeans owing to several factors ranging from the favourable warm Mediterranean climate, the excellent travel links to most major cities and countries in Europe to the lower cost of living in general compared to the EU average.

Any non-Maltese national who is a national of an EU Member State, EEA Member State or Switzerland is eligible to apply for the Malta Retirement Programme, through an authorised mandatory, for special tax status (and consequently qualify for the 15% flat tax rate outlined above) if he/she:

  1. Is in receipt of pension income, supported by documentary evidence, all of which is received in Malta (and constitutes at least 75% of the beneficiary’s chargeable income)
  2. Is not in an employment relationship (but may hold non-executive posts on the board of a Maltese resident company and partake in certain activities (eg philanthropic)
  3. Holds a “qualifying property holding”
  4. Is not a person who benefits under the Residents Scheme Regulations, the High Net Worth Individuals Scheme or the Highly Qualified Persons Rules
  5. Is in receipt of stable and regular resources which are sufficient to maintain himself/herself and his/her dependents without recourse to the social assistance system in Malta
  6. Is in possession of a valid travel document
  7. Is in possession of sickness insurance in respect of all risks across the whole European Union normally covered for Maltese nationals for himself/herself and his/her dependents
  8. Is not domiciled in Malta and does not, within 5 years from application, intend to establish such domicile in Malta
  9. Is a fit and proper person (a due diligence exercise is carried out by the Maltese Inland Revenue Department prior to the granting of the special tax status)

For more information, please contact us.